Problem 11-8 Calculating Returns and Standard Deviations (L01, CFA2) Consider the following information: State of Economy Recession Normal Boom Rate of Return if State Occurs Probability of State of Economy Stock A Stock B 0.30 0.05 -0.15 0.55 0.15 0.15 0.15 0.20 0.35 a. Calculate the expected return for the two stocks. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) % Expected return for A Expected return for B x This is a numeric cell, so please enter numbers only. b. Calculate the standard deviation for the two stocks. (Do not round your intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Standard deviation for A Standard deviation for B % %